Nucleus Software Q2FY21 revenue at Rs137cr; PAT at Rs29.5cr

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its consolidated results for the quarter and half year ended 30th September 2020. Consolidated revenue for the second quarter of FY21 is at Rs137cr as compared to Rs128.2cr in Q2 of the previous year. Revenue for the first half-year of FY21 is at Rs265.3cr, against Rs252.3cr in the corresponding half-year of FY20.

EBIDTA for the quarter stood at Rs33.4cr in comparison to Rs20.6cr in the corresponding Q2 of the previous year.

The stock ended at Rs576.30, down by Rs30.3 or 5% from its previous closing of Rs606.60 on the BSE.

Net Profit after Tax (PAT) stood at Rs29.5cr in comparison to Rs21.1cr in the corresponding Q2 of the previous year. Product business revenue for the quarter was at Rs114.7cr in comparison to Rs101.3cr in the corresponding Q2 of the previous year.

Business Highlights:
• Added 4 new customers in the quarter from various geographies
• Won 10 product orders and implemented 17 product modules worldwide during the quarter
• Muthoot FinCorp selected FinnOne Neo to drive the next phase of its business growth. With FinnOne Neo’s advanced capabilities, Muthoot FinCorp will be able to completely digitize and automate the complex lending processes as required in an increasingly virtual world, accentuated by COVID-19

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